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Tag Archives: Oil

Chinese officials are not acting like there’s a trade war

By Marc Chandler This post was first published on Marc to Market While the pundits are talking trade wars, Chinese officials are taking the latest US provocations in stride. Pressure on China’s trade practices are not new. The US has been complaining about intellectual property violations since Bill Clinton was President. China’s trade practices have also raised the ire or US and Europe, which has resulted in tens of dozens of anti-dumping actions. China’s emergence on the...

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SouthFront — SDF Confirms Reports That US Establishes Military Base In Vicinity Of Syria’s Largest Oil Field

The US is building a large military base in the vicinity of Syria’s largest oil field – the Omar oil field, Mehdi Kobani, a press secretary of the Syrian Democratic Forces (SDF) in Deir Ezzor confirmed to Sputnik Turkiye. “The US is building a large military base in the oil-rich Al Omar region of Deir ez-Zor province. Due to security concerns we cannot provide information about the acreage of this new installation. There is currently construction machinery working in the vicinity of the...

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Viktor Katona — Russia Is Taking Over Syria’s Oil And Gas

In accordance with an energy cooperation framework agreement signed in late January, Russia will have exclusive rights to produce oil and gas in Syria. The agreement goes significantly beyond that, stipulating the modalities of the rehabilitation of damaged rigs and infrastructure, energy advisory support, and training a new generation of Syrian oilmen. Still, the main international aspect and the key piece of this move is the final and unconditional consolidation of Russian interests in...

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Shimshon Bichler and Jonathan Nitzan — Profit warning: there will be blood

As we show in our recent research note ‘Blood and Oil in the Orient, Redux (2017)’, the Weapondollar-Petrodollar Coalition might no longer be in the Middle East driver’s seat. However, with the oil and armament companies, the region’s oil-exporting autocracies and various non-state groups all keen on seeing their oil incomes rise from record lows, the prospects of a new energy conflict, whether premeditated or coincidental, seem extremely high. More evidence suggestive that economics drives...

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Kent Moors — The Geopolitical Consequences Of U.S. Oil Exports

Two crucial things happened yesterday. The first you may have noticed – oil prices moved back up. As for the second, most so-called “experts” seemed to have missed.See, the environment we’re seeing in energy markets is very different from what we saw only a week ago, when oil prices were also rising. Because yesterday also saw – for the first time in world history – a reigning Saudi Arabian monarch in Moscow for talks with Russia’s head of state. Historically, Russia has been much...

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SouthFront — Nearly 1,000 US Troops in Syria Are Currently Under Attack by Russians

The fight for the Syrian oiil fields begins. Never letting the nuisance that is the law get in the way of the American military, it seems as though the U.S. may continue pursuing this strategy, which will ultimately bring the American air force and the Russian air force together to bomb the same territory with complete polar opposite intentions while supporting rival forces on the ground. This is easily one of the biggest geopolitical events in recent times, taking place right under our...

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